Principal Financial Analyst

A Day in the Life

Join our Global Functions FP&A team to support the Global Legal function as a Principal Financial Analyst. Based on site at OHQ in Fridley, MN (4 days/week), you will manage a $350M+ expense budget, leveraging your FP&A expertise to drive strategic financial planning and operational excellence.

In this role, you will partner closely with the Legal leadership team and Global Functions Finance team to ensure the financial and business goals of Medtronic's Legal function are achieved. From cost center management to annual planning and beyond, this is an opportunity to fully utilize and expand your financial skills while making a meaningful impact.

Key responsibilities include:

Financial Management & Analysis

• Lead financial modeling, forecasting, Annual Operating Plan (AOP), and scenario planning to meet deadlines and achieve targets.
• Manage month-end and quarter-end close processes, including journal entries and account reconciliations.
• Support cost center managers with standard and ad hoc reporting needs.
• Oversee project set-up, maintenance, and structure management.
• Track and forecast litigation impact on Medtronic's free cash flow in partnership with Corporate Controllership.

Budgeting & Planning

• Load and reconcile data in the global planning system, ensuring alignment with organizational targets.
• Provide insights into year-over-year organizational changes to guide leadership investments.

Reporting & Presentations

• Prepare, deliver, and present monthly financial results to Global Functions and Legal Management.
• Develop ad hoc reports and financial presentations to support management decision-making.

Process Improvement & Collaboration

• Maintain, troubleshoot, and develop new finance processes and reports as needed.
• Collaborate across teams, take on additional projects, and provide coaching to junior team members.

Compliance & Best Practices

• Ensure adherence to Medtronic's accounting policies and GAAP standards.

Must Have: Minimum Requirements

• Bachelor's Degree with 7+ years of experience in Finance and/or Accounting (or Advanced Degree with 5+ years).

Nice to Have

• Bachelor's degree in Accounting, Finance, or MBA.
• Experience in FP&A
• Proficiency in Microsoft Excel, Word, and PowerPoint.
• Experience with OneStream, GFS, Essbase, and/or SAP.
• Accounting experience with knowledge of GAAP.
• Strong analytical and critical thinking skills, including the ability to identify trends, drivers, and translate financial data into actionable insights.
• Experience working in a matrixed environment and collaborating across levels and functions.
• Proven ability to develop solutions aligned with organizational objectives.
• Strong organizational and interpersonal skills, with an interest in building business partnerships.
• Excellent verbal and written communication skills.

Physical Job Requirements

The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position. The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles: While performing the duties of this job, the employee is regularly required to be independently mobile. The employee is also required to interact with a computer, and communicate with peers and co-workers. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role.

Benefits & Compensation

Medtronic offers a competitive Salary and flexible Benefits Package. A commitment to our employees lives at the core of our values. We recognize their contributions. They share in the success they help to create. We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.

Salary ranges for U.S (excl. PR) locations (USD): $108,000.00 - $162,000.00. This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP). The base salary range is applicable across the United States, excluding Puerto Rico and specific locations in California. The offered rate complies with federal and local regulations and may vary based on factors such as experience, certification/education, market conditions, and location. Compensation and benefits information pertains solely to candidates hired within the United States (local market compensation and benefits will apply for others).

The following benefits and additional compensation are available to those regular employees who work 20+ hours per week: Health, Dental and vision insurance, Health Savings Account, Healthcare Flexible Spending Account, Life insurance, Long-term disability leave, Dependent daycare spending account, Tuition assistance/reimbursement, and Simple Steps (global well-being program).

The following benefits and additional compensation are available to all regular employees: Incentive plans, 401(k) plan plus employer contribution and match, Short-term disability, Paid time off, Paid holidays, Employee Stock Purchase Plan, Employee Assistance Program, Non-qualified Retirement Plan Supplement (subject to IRS earning minimums), and Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums).

Regular employees are those who are not temporary, such as interns. Temporary employees are eligible for paid sick time, as required under applicable state law, and the Employee Stock Purchase Plan. Please note some of the above benefits may not apply to workers in Puerto Rico. Further details are available at the link below:

Medtronic benefits and compensation plans

About Medtronic

We lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions. Our Mission to alleviate pain, restore health, and extend life unites a global team of 95,000+ passionate people. We are engineers at heart putting ambitious ideas to work to generate real solutions for real people. From the R&D lab, to the factory floor, to the conference room, every one of us experiments, creates, builds, improves and solves. We have the talent, diverse perspectives, and guts to engineer the extraordinary.

Learn more about our business, mission, and our commitment to diversity here .

It is the policy of Medtronic to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, Medtronic will provide reasonable accommodations for qualified individuals with disabilities.

If you are applying to perform work for Medtronic, Inc. ("Medtronic") in any position which will involve performing at least two (2) hours of work on average each week within the unincorporated areas of Los Angeles County, you can find a list of all material job duties of the specific job position which Medtronic reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of a conditional offer of employment. Medtronic will consider for employment qualified job applicants with arrest or conviction records in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.